Naira Redesign: Emefiele Urges Nigerians For Patience, Cancels 10-days Extension.

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CBN

The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele has recently appeal to Nigerians to excerise more patience while ruling out the mindset of having next 10-days extension as the new naira notes will in no time be in full circulation.

 

He thereby ruled out the idea of extending the 10-days circulation extension for the old Naira notes instead appeals to Nigerians to endure the pains from the difficulties in getting the newly redesigned Naira notes from financial institutions.

 

CBN

This appeal, the governor made the appeal on Friday during a press conference in Lagos said the pain is temporal, stressing that cash will be available in no distant time. He said the leadership of the apex bank had appealed to commercial banks to manage the situation properly while the cash circulates.

 

He said, “On the clamour by people to move the deadline by one more year or if we are open to further extension of the deadline. I would say no. “I’m sure that people are going to say that only last week Tuesday, I said no, but I want to say unfortunately again, this time, we will not be looking at an extension of deadlines.

 

“We do see that there will be some transient or temporary pains. But I will appeal, we are begging, we are on our knees begging people to please show understanding they should be calm”. DAILY POST reports that angry Nigerians on Friday staged protests in some parts of the country, lamenting the scarcity of the new Naira notes.

 

Source: Dailypost

 

 

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